RIL’s media biz to be merged into Network18

Reliance Industries (RIL) on Monday announced consolidation of all its media and distribution businesses under one umbrella brand ‘Network18’. Under the scheme of arrangement, TV18 Broadcast, Hathway Cable & Datacom and Den Networks will merge into Network18 Media & Investments, which will be an integrated media and distribution company with a revenue of Rs 8,000 crore.

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